CoboWallet - cloud wallet with yearly interest thanks to BitGrow

[Prolifik]

Hello, are you using Cobo Wallet? It is a cloud multi wallet, they support a lot of cryptocurrencies. But the better part is that they are giving yearly/monthly interest. Around 10-20% for staking on their wallet. Now they have offer on IOST, VeChain or Dash.
Do you think that it is trusted? And have you heard about BitGrow - the company who gives users stable returns.

[Stargazer]

Sorry to say I never hear about this wallet. I don't why this year a lot of new wallets are coming on the board when everyone has the same feature! Though this wallet's yearly interest seems new offer from a wallet but sorry again that I will not use this Cobowallet. Because I feel safe and good in Ledger hardware wallet, and we everyone knows that is the best wallet in the crypto industry! So, I will avoid Cobowallet who gives the interest to store people's assets in their platform 

[Prolifik]

Sorry to say I never hear about this wallet. I don't why this year a lot of new wallets are coming on the board when everyone has the same feature! Though this wallet's yearly interest seems new offer from a wallet but sorry again that I will not use this Cobowallet. Because I feel safe and good in Ledger hardware wallet, and we everyone knows that is the best wallet in the crypto industry! So, I will avoid Cobowallet who gives the interest to store people's assets in their platform 

I also own hardware wallet and there is not any more trusted wallet than hardware wallet - I know it.
But CoboWallet is paying interest for holding coins there, it is legit? They have around 200 000users?

[BitcoinHodler]

in my experience things like this end very badly sooner or later because services such as these turn into ponzi schemes and that is only if they aren't already such a scam in disguise!
this particular service to me looks more like a new version of the cloud mining services that has been around for a long time and have been scamming people for just as long.

considering there ins't much of a background to this thing i would stay away from it and be very cautious about trusting anything similar with my money.

[bitmover]

This free interest will not last long.

If a coin like bitgrow has no demand, it will be worthless soon and you will only lose money, even if you receive 10% more coins per day.

There is no free money. People in cryptocurrencies usually don't get it.

[kingpin4321]

Wow this is looking nice and I think the platform is easy to surf and understand but about the interest I think it takes to long to come to effectiveness but regardless it's a nice platform

[Prolifik]

This free interest will not last long.

If a coin like bitgrow has no demand, it will be worthless soon and you will only lose money, even if you receive 10% more coins per day.

There is no free money. People in cryptocurrencies usually don't get it.

I do not understand why people everytime when they see a good profit, they have to say that it is a scam. Cobowallet has over 500,000 users (this information come from late 2018).
I am not saying that it is legit, or promote it, I am just here to discuss about that.

[Prolifik]

For cobowallet I haven't tried it yet, but many people who often misuse the wallet manipulate the event they have for example airdrop / referrals in my opinion, if it's easy to manipulate it, I guess don't use it, I would rather trust wallet app

Sorry, I do not understand what do you mean by misusing and manipulating the event I downloaded the app without any referral link before I knew about their promotions and it seems that the investment opportunities are really working, I will let you know after one month when they pay me. 

[ioanbtc]

I not more trust any online wallet, they can run away with funds anytime, so the best is to hold coins on wallets where users have private keys and can anytime be recovered, so i will not risk money on this.

[Prolifik]

I not more trust any online wallet, they can run away with funds anytime, so the best is to hold coins on wallets where users have private keys and can anytime be recovered, so i will not risk money on this.

But, this method will not give you any interest. This wallet could be considered as a bank where you get income when you store there your cryptocurrencies. The only answer is if this is trusted or not.